Do you have a 'step from the sidelines' number in mind before the end of the year? Given the short situation, if one where to delay too long...
That's a tough call. I pretty much still think that GSTRF will trade in the 6 - 12 range for the time being (as we approach the top of that range). Similar to you, I'm not a market timer. I will put additional funds back into G* when I see that the business has turned the corner, or better yet, is approaching the corner.
G*, however, is trickier than most since it has such an enormous short position. If those shorts start to cover (for any reason, not necessarily because the business has turned positive), then G* could easily pop to 20+.
I'm sticking to my guns that 3rd quarter numbers won't be that great, at least not good enough to start a sustained rally. Those numbers should come out in early October. Depending on how the rollout looks at that point, I'll consider allocating additional funds, regardless of the price.
So, to answer your question, I'm most likely not purchasing any more G* prior to October UNLESS something material happens (government contract, fixed phone news, new partner, funding announced) prior to then. In October, we'll be able to see how Russia, China, Brazil, U.S., Caribbean and Canada are doing. Smaller/cheaper car kits, smaller/cheaper boat kits, new airplane kits and smaller phones should be available or at least coming in the foreseeable future. We should just about have data ready to roll out. Status of financing should be available. Fixed phones should be starting to rollout. European SPs should be between vacations <g>. Etc.
OTOH, if G* were to dip down to 5-6 again, perhaps I'd try to time the market.... |
